Finance brokers will have a vital role to play in helping small and medium-sized enterprises (SMEs) recover from the impact of Covid-19 according to research from Aldermore bank. With SMEs expecting to borrow billions in order to support their businesses following the Covid-19 outbreak, many SME business owners will likely turn to finance brokers to […]
Assetz Capital has applied for a Pool E Banking Competition Remedies (BCR) £10m grant as it continues to scale its SME lending at pace. The £1bn peer-to-peer marketplace lender has submitted an application for Pool E that consists of £100m and is open to eligible bodies providing innovation financial services to UK SMEs. The £100m […]
Bristol and London-based invoice finance provider and fintech firm Optimum Finance has appointed three industry experts to bolster its offering. The company welcomes James John as its new head of risk, Rebecca Salt as regional sales director for the Midlands and Dany Boyle as its new partnerships manager. The new hires follow on from a […]
United Trust Bank (UTB) have revealed the next set of mortgage product, criteria and technology enhancements aimed at getting the mortgage industry back open for business in their #BrokerSummerSupportPackage campaign. The first elements of the package, launched in July and aimed at helping brokers to write more business in these challenging times, included UTB increasing […]
Mastercard today announced the launch of Market Trends, an interactive platform providing a comprehensive view of payments insights, competitive intelligence and industry trends for banks and financial institutions in Europe. From research on more than 2,000 cards across 34 markets to thought leadership on Open Banking, Blockchain and other trends to analyses of 22 top […]
Today the British Business Bank has announced that it has approved Allied Irish Bank (GB)/AIB (NI), Investec Bank plc and Mercedes-Benz Financial Services UK Limited for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). These three new CLBILS lenders will be able to provide finance to midsized and larger UK businesses with a […]
LendInvest, the UK’s leading platform for property finance, has funded a £10m bridging finance loan in a tight time frame, after the borrower ran into financing delays due to Covid-19. The site is in Abbey Wood, within the London borough of Greenwich – a sought-after location for city commuters, only 11 minutes away from Canary […]
Business bank, Allica Bank has combined data and insight from over 1,000 UK SMEs with a multiple regression analysis to determine what factors most closely aligned with an SMEs’ chances of success and separated the highest-performing businesses from their peers. These ‘rules for success’ have been compiled from the research data to support British businesses […]
YUDU, a software company specialising in digital publishing and crisis communications, has secured a £300k loan from Rosebud, a fund managed by GC Business Finance, to accelerate the growth of its flagship product, Sentinel. Sentinel is a crisis management platform that improves operational resilience by enabling mass notification alerts, document sharing, communications via chat channels […]
Cynergy Bank is pleased to announce that its lending allocation under the Coronavirus Business Interruption Loan Scheme (CBILS) has increased. This increase, in addition to the original allocation in April 2020, means the Bank will be able to continue to offer government backed guaranteed loans to both new and existing business customers. CBILS, delivered through […]
